Shares of Manchester United PLC (NYSE:MANU) have received a consensus recommendation of “Hold” from the six analysts that are presently covering the stock. One analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and three have assigned a buy recommendation to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $20.70.

Several analysts have issued reports on the stock. Jefferies Group reaffirmed a “buy” rating on shares of Manchester United PLC in a research report on Monday, August 29th. Zacks Investment Research cut Manchester United PLC from a “hold” rating to a “strong sell” rating in a research note on Thursday, August 18th.

Institutional investors have recently made changes to their positions in the company. K.J. Harrison & Partners Inc purchased a new position in shares of Manchester United PLC during the second quarter valued at about $159,000. Acrospire Investment Management LLC purchased a new position in shares of Manchester United PLC during the first quarter valued at about $169,000. Citadel Advisors LLC purchased a new position in shares of Manchester United PLC during the second quarter valued at about $243,000. Roundview Capital LLC boosted its position in shares of Manchester United PLC by 2.2% in the second quarter. Roundview Capital LLC now owns 18,525 shares of the company’s stock valued at $295,000 after buying an additional 400 shares during the period. Finally, GSA Capital Partners LLP boosted its position in shares of Manchester United PLC by 18.9% in the second quarter. GSA Capital Partners LLP now owns 22,135 shares of the company’s stock valued at $353,000 after buying an additional 3,514 shares during the period. Hedge funds and other institutional investors own 72.10% of the company’s stock.

Manchester United PLC (NYSE:MANU) opened at 15.86 on Wednesday. The stock has a 50 day moving average of $16.86 and a 200-day moving average of $16.27. The firm has a market capitalization of $2.60 billion, a PE ratio of 56.44 and a beta of 0.43. Manchester United PLC has a one year low of $13.30 and a one year high of $19.74.

Manchester United PLC (NYSE:MANU) last issued its quarterly earnings data on Monday, September 12th. The company reported $0.07 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $6.50 by $6.43. Manchester United PLC had a net margin of 7.23% and a return on equity of 8.39%. The firm earned $134.50 million during the quarter. During the same period last year, the business earned $0.01 earnings per share. The firm’s quarterly revenue was up 27.1% compared to the same quarter last year. On average, equities analysts predict that Manchester United PLC will post $5.40 EPS for the current year.

About Manchester United PLC

Manchester United plc, formerly Manchester United Ltd. operates a professional sports team. The Company plays spectator sports. It offers its services in commercial, broadcasting and matchday sectors. Within the commercial sector, it is engaged in sponsorship; retail, merchandising, apparel and product licensing, and mobile and content.